National Debt Scheme for Emiratis

Central Bank programme to ease debt burden

For UAE Nationals

Very low profit rate

3 months EIBOR or lower

Consolidate Mashreq facilities

For one easy payment

Tenure of up to 300 months

For lower monthly payments

Supporting UAE Nationals through National Debt Scheme

National Debt Scheme introduced by the Central Bank of UAE is aimed at easing the debt burden of UAE Nationals. Mashreq is committed to supporting UAE Nationals in this worthy scheme.

Ease your debt burden

With National Debt Scheme, eligible customers can benefit from consolidation of their debt at extremely low profit rates to reduce monthly payments.
Very low profit rates
The profit rate for your National Debt Scheme will be equal to or lower than 3 Months EIBOR
Debt Consolidation
We will consolidate all your Mashreq liabilities for one lower monthly payment.
Reduction in Debt Burden
Under NDS, your debt burden will be reduced to 50% of salary or 30% if you are a pensioner.
Online Access
Access to Online and Mobile Banking anytime, anywhere.


Minimum monthly income
Existing eligible customers can apply irrespective of salary.
Company Approval Status
Existing eligible customers can apply irrespective of company approval status.
Salary Transfer
It is mandatory to transfer your salary in order to qualify.
Other requirements
Debt to Income Ratio should not exceed 50% of the monthly salary after NDS. Long-term loan origination should be prior to May 2011.

You will need

Your consent to participate in National Debt Scheme.
Your latest salary/pension certificate, 3 months bank statement / UAEFTS consent and your consent to pull your Al Etihad Credit Bureau report.
A copy of valid passport and original Emirates ID.

Still got questions?

The National Debt Scheme was introduced by Central Bank of UAE to provide relief to Emirati customers with high debt burden and to make it easy for them to be free of debt.
As per Central Bank National Debt Scheme, if your monthly Installment is more than 50% of your income (30% for pensioners) AND tenor of your finance is more than 48 months (60 months for Ministry of Defence Employees) then your debt burden is high and you can benefit from the National Debt Scheme. Terms and Conditions apply.
No. Mashreq can only offer the National Debt Scheme to its own customers.
You can consolidate all liabilities with Mashreq into one facility under the National Debt Scheme however, external liabilities are not bought out.
You are eligible if the following criteria are met: 1) You have a long-term finance that originated prior to May 2011 and is currently with Mashreq, AND 2) Your monthly payments with Mashreq are more than 50% of your income (more than 30% for pensioners) AND 3) The active remaining tenor on your long-term finance is more than 48 months (60 months for Ministry of Defence employees) Then we will: Offer you a finance at a profit rate of 3 Months EIBOR or lower to help you reduce your monthly payment to 50% of income for salaried customers and 30% of income for pensioners.
There are a two simple ways to apply for the National Debt Scheme with Mashreq: 1) Email : 2) Call us on +971 4 424- 4411 You are not committed to anything by calling us for a chat. We're happy to talk you through your options and answer any questions.

Simply download the Mashreq Mobile App to apply

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